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Summit Midstream Partners, Lp Announces Preliminary Results Of Series A Preferred Unit Exchange Offer

PRIVATEJan 13, 2022

Round Type

Series A

HoustonSustainabilityNatural Resources

Description

Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today the preliminary results of its offer to exchange (the "Exchange Offer") any and all of its 9.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (Liquidation Preference $1,000) (the "Series A Preferred Units") tendered in the Exchange Offer for newly issued common units representing limited partner interests in the Partnership (the "Common Units"), which expired at 11:59 p.m., New York City time, on January 12, 2022 (the "Expiration Date"). Based on preliminary information provided by American Stock Transfer & Trust Company, LLC, the depositary of the Exchange Offer (the "Depositary"), as of the Expiration Date, 77,939 Series A Preferred Units had been properly tendered (and not validly withdrawn). The number of Series A Preferred Units properly tendered (and not validly withdrawn) is preliminary and is subject to verification by the Depositary. The Partnership expects to deliver the Common Units to be issued in exchange for the Series A Preferred Units on January 14, 2022.

Quick answer

Summit Midstream Partners raised an undisclosed amount in a Series A round, dated January 13, 2022. Summit Midstream Partners is based in Houston, Texas, United States.

How much did Summit Midstream Partners raise?
Summit Midstream Partners raised an undisclosed amount in a Series A round on January 13, 2022.
What does Summit Midstream Partners do?
Headquartered in Houston, Texas, Summit Midstream Partners, LP (NYSE: SMLP) is a value-driven master limited partnership focused on developing, owning and operating midstream energy infrastructure assets that are..
Where is Summit Midstream Partners based and how big is it?
Summit Midstream Partners is based in Houston, Texas, United States.
Who are the decision-makers at Summit Midstream Partners?
Fundz holds 2 contacts at Summit Midstream Partners, including the President And Ceo. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Sustainability and Natural Resources around the same time

Companies in the same sectors as Summit Midstream Partners that raised within 45 days of this round, from Fundz verified event records.

  • Palmetto raised $375M (Funding Round) on February 24, 2022.
  • Diversified Energy raised an undisclosed amount (Funding Round) on February 24, 2022.
  • Erthos raised $25M on February 24, 2022.
  • Antora Energy raised $50M (Funding Round) on February 16, 2022.
  • Focus Graphite raised an undisclosed amount on February 14, 2022.
  • Diversified Energy raised an undisclosed amount (Funding Round) on February 7, 2022.

Who to call at Summit Midstream Partners, and when

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Company Information

Company

Summit Midstream Partners

Location

Houston, Texas, United States

About

Headquartered in Houston, Texas, Summit Midstream Partners, LP (NYSE: SMLP) is a value-driven master limited partnership focused on developing, owning and operating midstream energy infrastructure assets that are strategically located in unconventional resource basins, primarily shale formations, in the continental United States.

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Related People

2 contacts
Verified contactsSteve N., President And Ceo hiddenSee plans and pricing
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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Summit Midstream Partners raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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